The solution to high prices

The expected slowdown in Vancouver real estate is now occurring. An authority on the market comments…

“Somerville said he can’t pinpoint a specific reason for the sales slowdown, but that factors could include a lack of faith in the economy, a slowdown in offshore investment or buyers refusing to pay high prices.”
Talk about stating the obvious. Read more: Vancouver Sun real estate numbers signal slowdown

One response to “The solution to high prices”

In one of the most significant changes from the proposals it originally issued in March, OSFI has backed off a rule that would have forced banks to insist borrowers re-qualify when their mortgages come up for renewal.